The post Pi Coin Price Plunges to New All-Time Low, But a Breakout May Be Days Away appeared first on Coinpedia Fintech News
After Pi Network’s token slipped below $1 and set a new all-time low, the community has been buzzing with one big question, where is Pi coin headed next? For weeks, PI has been moving sideways with little excitement.
But now, seasoned crypto traders have spotted a bullish chart pattern that could be the spark for Pi’s next major rally.
Here’s what the analyst sees unfolding.
Pi Coin Forming Bullish Cup-and-Handle on Pattern
A well-known crypto trader, Alpha Crypto, spotted a classic cup-and-handle pattern forming on Pi Coin’s (PI) 4-hour chart. This pattern began forming when Pi Coin slid from late July’s highs, carving a smooth, rounded bottom through early August, the “cup.
This “cup” phase is often a healthy sign in technical analysis, showing that selling pressure has been absorbed and buyers are slowly stepping back in.
From there, Pi Coin rallied into mid-August, tapping the $0.44 resistance level, where it paused and began consolidating sideways. This consolidation forms the “handle” — a final period of cooling before a potential surge.
Key Levels to Watch
Looking at the chart, Alpha Crypto noted that $0.44 is the key breakout point. A strong move above this level could send Pi Coin toward the $0.50–$0.52 resistance zone in the coming days, where traders expect the next test.
Meanwhile, some bullish analysts believe gains could be even bigger if Pi gets listed on major exchanges and sees more real-world use. A clear break above $0.46 might push it toward $0.80 or even close to $1.
On the downside, the $0.38–$0.40 range remains a crucial support.
As of now, i Coin is currently trading at around $0.39, showing a slight drop in the past 24 hours, with its market cap standing at $3.06 billion.